In this post lets take a look at some of the differences between China and USA. The chart below shows the comparison of government finances between the two countries. Click to enlarge Source: Der Speigel China has the world’s largest foreign currency reserves. Though the chart says it is $1.9T, the more recent figure was …
Continue reading ‘China vs. USA – A Comparison of Government Finances and the Economy’ »
From “The Numbers” section of the latest edition of Bloomberg BusinessWeek: Governments around the world haven been borrowing heavily in the past 10 years so much that the debt level has now more than doubled to $55 Trillion. CNBC has published a list of The World’s Biggest Debtor Nations based on the total outstanding external …
Continue reading ‘List of Countries for Possible Downgrades’ »
The current Fed Funds Rate is 0.25%. It been at this rate for many months now and the Fed plans to keep the rate at this level for an extended period of time. However despite this low rate bank lending has not increased. Both consumers and businesses are not borrowing due many reasons such as …
Continue reading ‘When will the Debt Rejection Syndrome End in the U.S.?’ »
Tomorrow civil service workers in Greece plan to go on strike protesting the government’s pension reforms. A recent article in the NY times discussed the current situation in Greece. From a BBC article titled Greece plans to ban early retirement: “Greece’s government intends to raise the national pension age and ban early retirement as it …
Continue reading ‘A Review of Retirement Age in OECD Countries’ »
Germany tops the list of countries that were ranked based on the Logistics Performance Indicators (LPI) in a recent study titled “Connecting to Compete 2010: Trade Logistics in the Global Economy” by The World Bank. With Europe’s largest economy and centrally located Germany offers a sophisticated logistics network for companies to reach EU’s 500 million …
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